In Brief OpenSea, a leading NFT marketplace, has registered a foundation in the Cayman Islands. The move is fueling speculation that the NFT marketplace could launcg a token soon. This comes as OpenSea faces declining trading volumes and increased competition. OpenSea, one of the largest NFT marketplaces, has reportedly established a foundation in the Cayman…
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In Brief Bitcoin’s MVRV long/short difference at 27.25% highlights bullish momentum, signaling potential gains above $103,900. The RHODL ratio confirms BTC hasn’t reached its cycle top, supporting the possibility of further price increases. A breakout from the bull flag pattern positions BTC for a potential rally to $112,500, with downside risk to $89,867. Since Bitcoin’s…
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In Brief VanEck predicts Bitcoin will hit $180K, Ethereum over $6K, and Solana $500 in 2025, with mid-term and year-end peaks. Bitcoin may drop 30%, altcoins up to 60%, followed by a strong recovery in the fall of next year. US states and countries like Russia and Canada explore Bitcoin reserves to diversify investments and…
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In Brief Crypto whales bought $35 million in AAVE, boosting its price by 42% in a week. Continued buying could push it higher, barring profit-taking. Whale purchases of 6.30 million VIRTUAL fueled a rally to a new all-time high. The altcoin’s price could surpass $2.30 if buying persists. ONDO’s 17% price gain follows 7.34 million…
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In Brief Ubisoft integrates ENS subnames into the Captain Laserhawk Universe, enabling blockchain-based player identities. Players receive personalized Niji Warrior ID Cards linked to Ethereum addresses for secure in-game asset ownership. “Captain Laserhawk: The G.A.M.E.” launches on December 18, 2024, as a Web3 shooter built on Ethereum’s Arbitrum network. Ubisoft has collaborated with Ethereum Name…
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In Brief Avalanche Foundation raises $250 million in a private locked-token sale led by 40 firms. AVAX price surged 50% in 30 days, reaching $52.80, with potential for a rally toward $60. Avalanche’s Total Value Locked (TVL) crossed $1.61 billion, its highest in almost two years. Avalanche Foundation has raised $250 million through a private locked-token…
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In Brief Ethereum struggles to break the $4,000 barrier, with its price reaching a high of $4,093 on December 6. Ethereum’s Taker Buy-Sell Ratio hits a monthly high of 1.033, indicating bullish market sentiment and rising buy orders. The coin’s positive funding rate and rising On-Balance Volume suggest strong buying pressure, supporting an upward price…
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In Brief Dogecoin gained 60,000 new holders in 10 days, indicating renewed retail interest and potential for a price rally. The MVRV ratio has turned positive from negative territory hints at undervaluation, reinforcing the bullish bias. A bull flag breakout could push DOGE to $0.60, or even $1, but a drop below $0.33 would invalidate…
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In Brief MicroStrategy might replace Moderna in the Nasdaq 100, riding high on its Bitcoin-driven stock surge. Nasdaq’s classification rules currently list MicroStrategy as a tech stock, bypassing restrictions on financial companies. Analysts Eric Balchunas and James Seyffart see reclassification risks but expect inclusion if no changes occur before March. According to Eric Balchunas and…
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In Brief Raydium (RAY) price skyrockets 665% in 2024, surpassing Uniswap in monthly DEX volumes with a $23 billion weekly surge. RAY dominates Solana DEX volumes, capturing 50% market share and generating $226M in fees over the past 30 days. RSI nears overbought levels as bullish EMA crossover signals potential to test resistance at $6…
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